Mar, 31, 2021 — THIRD COAST FEDERAL CREDIT UNION is a federal credit union headquartered in CORPUS CHRISTI, TX with 1 branch location and about $15.08 million in total assets. Opened 61 years ago in 1960, THIRD COAST FEDERAL CREDIT UNION has about 1,724 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THIRD COAST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1601 5TH ST CORPUS CHRISTI, TX 78404-1903 |
| Phone: | (361) 814-3463 |
| Fax: | (361) 850-1885 |
| Website: | http://thirdcoastfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,724 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13931 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Aug 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,078,556 |
| CEO/Manager: | Carmen Hinojosa |
| Chairperson: | Guadalupe Salazar |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,918,753 |
| TOTAL INVESTMENTS | 2,982,958 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 887,602 |
| Other Loans | 732,036 |
| TOTAL LOANS | 1,619,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,361 |
| Land And Building | 459,206 |
| Other Fixed Assets | 13,004 |
| NCUSIF Deposit | 98,717 |
| All Other Assets | 11,641 |
| TOTAL ASSETS | 15,078,556 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,409 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,098,333 |
| Regular shares | 7,734,766 |
| All Other Shares & Deposits | 483,241 |
| TOTAL SHARES & DEPOSITS | 11,316,340 |
| TOTAL LIABILITIES | 11,353,749 |
| Regular Reserve | 249,949 |
| Other Reserves | 0 |
| Undivided Earnings | 3,474,858 |
| TOTAL EQUITY | 3,724,807 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,078,556 |
| INCOME & EXPENSE | |
| Loan Income | 60,322 |
| Investment Income | 5,124 |
| Other Income | 36,424 |
| Total Employee Compensation & Benefits | 43,583 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 62,130 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -15,136 |
| Cost of Funds | 6,503 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,935 |
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